NIFTY Options Trading by RAJ

[Somatung]

Double top or even triple top when used weekly chart or even monthly chart?

 

[arcus]

Double top or even triple top when used weekly chart or even monthly chart?

In my opinion, the market doesn't want to go down. We may probably reach the upper end of the channel (around 6650) before any meaningful correction sets in.

Hourly one month Nifty chart

 

[Somatung]

What you show is a chart of patience if you trade that TF. Did you check the maths behind that S and R up trend you show (STDV in that trend channel)? This may could give some more clues about any possibility where market could move too. Even the Fibo from the last high to the last low and back to the last high could give some answers on your chart about where market could move next. Just some two cents from my side. Have a nice evening.

 

[healthraj]

Happy Christmas Healthraj

Move on as you did. DanPickUp

Thanks Dan. Wishing you and your family a Merry Christmas. Yes I will move on. I am not going to Give UP after 4.5 Years of fighting. It will go ON until I am alive.

Wishing all the TJ family a Happy Christmas.

 

[gargindia]

Hi Raj sir @ Friends

Wish you a Merry Christmas

 

[sai_akil]

Merry christmas to all.. Happy trading

 

[vikasnp81]

Jan series
COI - bearish
OI - bullish

 

[anup0212]

Thanks Dan. Wishing you and your family a Merry Christmas. Yes I will move on. I am not going to Give UP after 4.5 Years of fighting. It will go ON until I am alive.

Wishing all the TJ family a Happy Christmas.

merry christmas Raj ..Keep one thing in Mind "Never Quit"... even I suffered huge losses and still not recovered but I will keep trying

 

[mastermind007]

:lol: Well Tried. I am just thinking on what happened last Friday... Plus a Hard lesson learnt that no system is fool proof. So I am trying to digest myself and trying to recover from the Friday Shock.
So may be YES, I will go on a Vacation to think about it.
...
So the charts are really confusing.

Raj

Comment from Dan Pickup actually piqued my curiosity and so went back few pages to read thru the events that transpired on Friday the 20th.

One of the simplest way to to recover from losses is to "make no (zippo, nada, zilch!!!) attempts to recover from the losses"

Ironically enough, this is also one of the hardest lesson to actually understand and a challenging task to implement.

Obviously, you'd be feeling weird at the apparent contradiction, if not angered.

But, this statement depends on psychology: your psychology, to be PRECISE. If you start thinking about recovery of losses, you will be preconditioning yourself and thus effectively prevent yourself from making profits.

MeRrY XmAs!!!

 

[premkumartalreja]

Raj, We have definitely learnt to predict the broader market using the tools and the information you provided. for example I was able to guess on the expiry is 6285 - 6310.

Predicting the exact move is not possible and probably not required. My suggestion would be to implement strategies for trading rather than do an intraday trade.

No one makes money intraday